CORPORATE VICE PRESIDENT & ACTUARY

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Date: Oct 8, 2021

Location: Remote, PA, US

Company: New York Life Insurance Co

 

When you join New York Life, you’re joining a company that values development, career growth, collaboration, innovation, and diversity & inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally.

 

 

 

New York Life’s Group Benefit Solutions team is seeking a Group Pricing Actuary for a key role in the organization. This individual will play a critical role focused on ensuring accurate pricing formulas and methodologies are in place to support profitable growth. Good partnerships with key functional areas and a collaborative mindset is important to be successful.

 

Key Responsibilities:

  • Pricing responsibilities for one or more of the following Group Insurance products- Life, Accident, Disability, Absence.
  • Lead, mentor and train actuarial students.
  • Responsible for developing and enhancing complex actuarial analyses to support the group products’ profitability, growth and operational objectives.
  • Develop and improve pricing methodologies, models, and tools.
  • Perform in-depth reviews of manual rating formulas, experience rating methods and retention assumptions such as expenses. Analyze and enhance pricing formulas to ensure accuracy, including reviewing for emerging trends.
  • Ensure compliance of all pricing formulas, including responsibilities for rate filings, certifications, and accurate implementation in our systems.
  • Develop pricing for new product features or new products as needed.
  • Collaborate with and support key business partners such as Underwriting, Distribution, Product, Claims, Finance, IT and Compliance. In particular, closely work with and provide pricing support for our Underwriting team.
  • Provide clear communications and presentations of technical actuarial work to technical and non-technical audiences, including senior leaders.

Required Qualifications:

  • Bachelor’s Degree, preferably in Mathematics, Finance, Statistics or Actuarial Science.
  • Fellow or Associate of the Society of Actuaries.
  • 5+ years of actuarial experience, with preference for group disability pricing experience.
  • Experience managing actuarial students.
  • Strong analytical and programming skills, with ability to summarize key trends and findings.
  • Advanced communication skills, with ability to interact effectively with business partners.

 

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by our Foundation. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID: 84640

 

 

 


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